Merrill Lynch New Energy Technology Plc

UK emissions trading exchange owner Climate Exchange announced rapidly-increasing volumes on the European Climate Exchange, which passed the one million tonnes of carbon dioxide futures per day mark in June. The exchange has traded in excess of 10 million tonnes of carbon dioxide futures contracts since its launch in April, and continues to benefit from responses to Kyoto as well as a growing awareness among companies of their environmental footprint.

Anybody watching this one?

sure wish I'd held on to mine!! I got bored and moved on.....story of my life! can't really see why they are up so much-it looks a bit of a bubble now at the first whiff of disappointment stand clear. still well done if anyone stuck with them.

No need to make bio plastic, corn fuel, or tinker with dna. Just market fresh air.

Great idea

Other than being well placed to " make the market" in trading fresh air why are we still rising. Not complaining, with sola leading the way a green portfolio is the way to go this year. Just need to give GTL a kick and all looks good.

Thanks in advance to anyone that can explain rise..

Originally bought as a blind momentum buy this Co has legs. If emissions are to be limited and if a cap and trade system evolved than a trading exchange is reqd. Our man Dr Sandor has the wherewith all to make it work. (google Dr R Sandor). Our little Aim co. will be taken out, but trading exchanges, especially in Chicargo are worth big bucks.

Lots of IFS but maybe...

Now watch price collapse...

There you go. Pulled out by stops earlier. Now waiting to reload.

Climbed back on with the dip. But its scary quiet here. Could do with some company or am I about to be stamped on........?

I am a sucker for a good storey but is there more to it than the idea that if Sandor builds an exchange trading will come?.

Still going for it. Anyone know why?.
Can't work out why this goes up and GTL gets knocked down.
Keep lifting stops as it can't go for ever.

Must run out of steam soon. Very annoyed at having stops hit on gtl yesterday as they seem to have great potential. As far as I see Cle don't really have a sound business until a cap and trade market is set up in the US.
But you just have to go with the flow. S/B how with 300+pips. What a crazy world.

No interest here?.

Been in then out, shake it all about. Back in Tues. and lots more today. Them good old yanks look more and more like going cap and trade.

It seems CLE has been over-rated as carbon credit has drop from 17 euro to less than 1 euro recently. CLE is a SELL!

Can anyone tell me why this stock has such huge daily swings on very little volume? Have been watching it for a while but can't see any reason for the price swings. Maybe it's difficult to trade??? Bid / offer spread is not too great. Opinions gratefully received.

41million shares issued but mainly held by institutions with some share lock ins in force at present. Some institutions are also members of the exchange so probably in for the long run.

EK is very short!!

int results out 19 sep 07.

High volume traded yesterday. Looks like an institution picking these up cheap. Lets hope the start of a recovery on this one.

CLE was informed today that Richard Sandor, Chairman of the Company has sold 250,000 shares

Emissions exchange operator Climate Exchange moved into profit in 2007 as revenues surged and it said growth in 2008 has been even more exciting.

It made a pro-forma pre-tax profit of 850,000 in 2007 compared with losses of 5m the year before. Revenues jumped to 13.6m from 3.9m.

The company, which operates the Chicago Climate Exchange, the Chicago Climate Futures Exchange and the European Climate Exchange, said it was helped by a surge in volumes on all three exchanges.

Personally I think Trading emissions plc (TRE) is a better long term bet.

I HOLD BOTH.

A very interesting article in the ft regarding the future price of carbon :

http://www.ft.com/cms/s/0/ce67fbe0-5333-11dd-8dd2-000077b07658.html